Last week's bearish formation got met with a renewed breakout, taking gold up 2% from its 3,284 lows. Click to read.

Gold prices rose on Thursday, supported by a pullback in the dollar and the prospect of U.S. interest rate cuts later in the year, while investors awaited more details on U.S. President Donald Trump's trade policy.

Producers of metals and other raw materials fell as the dollar advanced against peers. Gold futures rose, closing within 2.5% of all-time highs after President Trump threatened blanket tariffs of 35% on an array of Canadian imports, the latest escalation in a clash between Trump and Prime Minster Mark Carney.

Gold's performance is influenced by geopolitics, trade wars, and central bank reliance, with negative consequences affecting the dollar index and gold.

Gold prices edged higher on Thursday, helped by a slight retreat in the dollar and bond yields, while investors kept a close tab on trade negotiations as U.S. President Donald Trump broadened his tariff war.

As de-dollarization gains momentum, rising central bank gold purchases and widening currency swings signal that investors should hedge by keeping a modest 5%–10 % gold allocation and diversifying into select assets not denominated in dollars.

Drawing on fresh data, historical parallels, and economic indicators, Maharrey lays out a compelling case: the dollar is in trouble, and gold is emerging as the true safe haven.

The U.S. president, whose global wave of tariffs has upended businesses and policymaking, said the European Union will receive a letter "today or tomorrow". Both Nasdaq futures and S&P 500 futures fell about 0.4%. EUROSTOXX 50 futures dropped 0.6%. The euro slipped 0.3% to $1.1668, while the dollar gained 0.4% to C$1.3704.

Get started with a gold investment before the price rises again now.

Front Month Comex Gold for July delivery gained $5.80 per troy ounce, or 0.18% to $3317.40 today –Largest one day dollar and percentage gain since Wednesday, July 2, 2025 –Up $10.40 or 0.31% over the last two sessions –Largest two day dollar and percentage gain since Wednesday,